Auto Trader Group (LON:AUTO) Share Price Crosses Above 50-Day Moving Average of $560.07

Share on StockTwits

Shares of Auto Trader Group PLC (LON:AUTO) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $560.07 and traded as high as $566.00. Auto Trader Group shares last traded at $563.00, with a volume of 1,855,426 shares traded.

Several equities analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating and set a GBX 525 ($6.86) price target (down previously from GBX 580 ($7.58)) on shares of Auto Trader Group in a research report on Monday, June 29th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Auto Trader Group in a research report on Friday, June 26th. Goldman Sachs Group increased their price target on shares of Auto Trader Group from GBX 557 ($7.28) to GBX 581 ($7.59) and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Barclays increased their price target on shares of Auto Trader Group from GBX 440 ($5.75) to GBX 490 ($6.40) and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Auto Trader Group in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 515.93 ($6.74).

The firm’s 50 day simple moving average is GBX 560.04 and its 200 day simple moving average is GBX 509.97. The company has a market cap of $5.55 billion and a price-to-earnings ratio of 26.02. The company has a quick ratio of 2.52, a current ratio of 2.63 and a debt-to-equity ratio of 225.71.

Auto Trader Group Company Profile (LON:AUTO)

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.

Featured Article: How to Invest in Stocks with Increasing Dividends

Receive News & Ratings for Auto Trader Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auto Trader Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply